Best Buy Booming

Investors are cheering for the consumer. Best Buy results suggest they may not be so down and out, afterall.

With the electornics seller reporting stronger than expected sales of TV’s, computers and other gadgets, Wall Street watchers, including Timothy Ghriskey, co-founder of investment firm Solaris Group, are hopeful that, “the consumer is coming out of hiding."

And Best Buy CEO Brian Dunn offered some bullish commentary to fuel that fire.

Best Buy Booming

Best Buy is up 4 percent after earnings, with the Fast Money crew.

"Trends tell me staying connected (with technology) has become non-negotiable for millions of people and that some of the things we offer no longer fall under the category of discretionary purchases,” Dunn said.

"It is almost as if electronics are somewhere between discretionary and non-discretionary...They have almost become a staple," added Ghriskey.

I’d look at IMAX, counsels Guy Adami. I think it’s a play on the 3D sea change.

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